Metavid

Video archive of the US Congress

House Proceeding 01-29-08 on Jan 29th, 2008 :: 1:03:42 to 1:05:59
Total video length: 2 hours 44 minutes Stream Tools: Stream Overview | Edit Time

Note: MetaVid video transcripts may contain inaccuracies, help us build a more perfect archive

Download OptionsEmbed Video

Views:333 Duration: 0:02:17 Discussion

Previous speech: Next speech:

Charles B. Rangel

1:03:31 to 1:03:42( Edit History Discussion )

Charles B. Rangel: people. they were an aluminous die cast business. ss because of competitive pressures they were on the verge of laying off two people. because of the tax relief passed by this congress, particularly

John B. Larson

1:03:42 to 1:03:55( Edit History Discussion )

John B. Larson: expensing, capital gains tax relief, they bought ath new piece of equipment. and that new piece of equipment made them more competitive and instead of laying off two people, they hired

John B. Larson

1:03:42 to 1:05:59( Edit History Discussion )
Speech By: John B. Larson

John B. Larson

1:03:55 to 1:04:10( Edit History Discussion )

John B. Larson: two new people. so, mr. speaker, i ask the question, surely middle income families i know they need help. but this package i fear is more akin to helping them pay one month's worth of

John B. Larson

1:04:10 to 1:04:29( Edit History Discussion )

John B. Larson: credit card bills at a time when people are getting laid offg at the localth factory. when instead what they really need to know is that their paycheck is preserved and that they have

John B. Larson

1:04:29 to 1:04:40( Edit History Discussion )

John B. Larson: opportunities to even grow that paycheck. and that theiran employer can become more competitive. and give theman more opportunities to advance and grow that payc heck. mr. speaker, unfortu. nately

John B. Larson

1:04:40 to 1:04:58( Edit History Discussion )

John B. Larson: those components are sadly s lacking. if we wifanted those components in the bill, the firstir thing we would do, mr. speaker, is try to prevent all ofl these scheduled tax increases on families and

John B. Larson

1:04:58 to 1:05:11( Edit History Discussion )

John B. Larson: the economy that our friends on this side of the aisle have put in place. the second thing we would do, mr. speaker, is try tor, make oure business tax rate more competitive with our international

John B. Larson

1:05:11 to 1:05:27( Edit History Discussion )

John B. Larson: competitors. we have the second highest corporate tax rate in the industrialized nation. that's what we need to do. now, mr. speaker, many people here come with their theories. i come with

John B. Larson

1:05:27 to 1:05:44( Edit History Discussion )

John B. Larson: evidence. if you look early on in 2003. if you look to the reagan administration, kennedy administration, when you are faced with a recession, lower marginal tax rates, lower capital gains rates,

John B. Larson

1:05:44 to 1:05:59( Edit History Discussion )

John B. Larson: and you will grow people's paychecks. that's the economic growth that we need. the speaker pro tempore: the gentleman yields back the balance of his time. the gentleman from new york. k. mr. rangel:

Dave Camp

1:05:59 to 1:06:12( Edit History Discussion )

Dave Camp: the committee house reported out a bill that reduces corporate tax from 35% to 30.5. 3 i'm not saying we have allha of the answers, but it does challenge the administration to come forward

Dave Camp

1:05:59 to 1:08:18( Edit History Discussion )
Speech By: Dave Camp

Personal tools

MetaVid is a non-profit project of UC Santa Cruz and the Sunlight Foundation. Learn more About MetaVid

The C-SPAN logo and other servicemarks that may be found in video content are the property of their respective trademark holders. None of these trademark holders are affiliated with Metavid